On November 25, Glorious Union reported that CICC published a research report indicating that Kingsoft Cloud announced the renewal and revision of the related trade framework agreement with Kingsoft and Xiaomi, anticipating that the revenue contribution from Xiaomi and the Kingsoft ecosystem will continue to rise, enhancing overall revenue visibility and promoting operational cash recovery to support incremental computing capabilities. CICC maintains Kingsoft Cloud's profit forecasts for this year and next unchanged, maintaining an "outperforming industry" rating, and based on performance visibility and an increase in market risk appetite, raised the target price for US stocks by 46% to $9.50.